UK media platform Future's H1 revenue falls 8%, EPS down 22%

Future

14/05/2026 07:09

Overview

UK specialist media platform's H1 revenue fell 8% yr/yr to £349.1 mln

Adjusted diluted EPS for H1 declined 22% to 46.4p

Company returned £52.9 mln to shareholders via buybacks and dividends in H1

Outlook

Future expects mid to low single-digit organic revenue decline for FY 2026

Company continues to expect adjusted EBITDA margin in the range of 25-27% for FY 2026

Future expects cash conversion to adjusted EBITDA of about 90% for FY 2026

Result Drivers

PROGRAMMATIC & ECOMMERCE WEAKNESS - Co said H1 results were hit by lower high-margin programmatic advertising and ecommerce affiliate revenues

DIRECT ADVERTISING GROWTH - Direct advertising revenue grew in both UK and US, partially offsetting declines in programmatic and ecommerce, per CEO Kevin Li Ying

GO.COMPARE DECLINE - Go.Compare revenue fell due to lower car insurance quote volumes and a challenging home market, though Q2 trends improved

Company press release: ID:nRSN2355Ea

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
GBP 349.1 mln
GBP 343.20 mln (1 Analyst)
H1 Adjusted EPS
GBP 0.46
H1 Operating Profit
GBP 32.7 mln
H1 Pretax Profit
GBP 18.4 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the consumer publishing peer group is "buy"

Wall Street's median 12-month price target for Future PLC is GBp500.00, about 72.9% above its May 13 closing price of GBp289.20

The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 4 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)